This seminar provides easy-to-use, highly efficient tools to supplement and enhance the traditional methods of adjustment and support through the use of technology. You will gain practical, hands-on, step-by-step training on how to use charts, graphs, spreadsheets, and pivot tables to support residential assignment results for market conditions; days on market, sales-to-list price ratio; adjustments for location, design, quality of construction, and other property amenities; market extraction for cost and depreciation estimates; and market extraction for market rent and gross rent multipliers.
"I created this pivot table in less than 10 minutes to prove a swimming pool adjustment. Supporting my adjustments are much easier now that I attended the Residential Applications seminar and learned to use Excel with data downloaded from the MLS."
-- Sandy Adomatis, SRA
Participants will learn how to provide market-derived support for the following assignment results:
- Market conditions
- Days on market
- Sales-to-list-price ratio
- Adjustments for location, design, quality of construction, and numerous other property amenities
- Market extraction for cost and depreciation estimates
- Market extraction for market rent and gross rent multipliers
This seminar provides easy-to-use, highly efficient tools to supplement and enhance the traditional methods of adjustment and support through the use of technology. Residential appraisers of the future may be required to use these tools to produce slick, professional charts and graphs as clients become more technologically sophisticated.
At the conclusion of the seminar, participants should be able to:- Recognize the connection between statistics and residential appraising.
- Apply graphic analysis to solve and support market analysis issues.
- Apply graphic analysis to support conclusions for the three approaches to value.
- Apply Excel techniques to analyze data that can be imported into the Fannie Mae 1004MC appraisal report form.
Prerequisites
This seminar is for participants with a basic level of knowledge of spreadsheets, especially Excel, such as those obtained from
Note. This seminar will be taught from Windows using Excel 2007. If you are taking the seminar and plan to use an Apple laptop, you will need to have the latest version of Excel (2011) in order to perform some of the exercises.
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